Other cities that made it to the top ten list include Zurich in third place, Luanda sixth, N’Djamena in Chad eighth and Bern, Switzerland in 10th place.

Asia’s cities topped the list primarily due to currency fluctuations, noted the report.

“Stronger Chinese monetary regulation, a flourishing economy and a push to have the Chinese Yuan as an international currency pushed Chinese cities up in the ranking,” said Yvonne Traber, Mercer’s global mobility product solutions leader. “However, significant surges in other locations worldwide caused Japanese cities, Osaka and Nagoya in particular, to fall in this year’s ranking.”

The report uses New York as the base city for all comparisons, while currency movements are measured against the US dollar.

Including more than 375 global cities, this year’s survey ranked 209 cities across five continents, measuring the comparative cost of over 200 items in these locations, including food, housing, transportation, clothing, entertainment and household goods.

Source- https://www.propertyguru.com.sg

Mr. Navin Bafna, who is also the certified agent of Propnex, is a hard core Finance Professional by education who ventured into Singapore Real Estate in the year 2011 after quitting his job as the Director of Corporate Finance in an MNC. Read More